It may be tempting to buy a new car instead of spending more money repairing your old car. However, what would it cost  to keep that old car running for a few more years? That may be a hard question to answer. So lets say that you budget 2,000 dollars each year for the next three years to spend for these repairs. Using these dollars as a start point, lets see how this would figure out for one example.

Now we need the price of a new vehicle and  a leased vehicle. Just how much is that new car really going to cost you? Below is a chart showing the difference between spending money maintaining your current car versus buying or leasing a new vehicle.